Winning: Foreign Direct Investment 2015-2019 Brendan McDonagh Director Strategic Policy IDA Ireland June 2015 1.

Winning: Foreign Direct Investment2015-2019

Brendan McDonaghDirector Strategic PolicyIDA IrelandJune 2015

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Current Impact of FDI

IDA Portfolio Companies: 632 from the US

300,000 JobsDirect & Indirect

€124 billion

1,195

€1.4 billion Business Expenditure on R&D

€8.5 billion€124.5

€22.4 billion

Dublin Office Market – Take Up Office Projects Supported by IDA (2014-2015)

40,000 sq.ft

190,000 sq.ft

85,000 sq.ft120,000 sq.ft 100,000 sq.ft

70,000 sq.ft20,000 sq.ft100,000+ sq.ft

7,500 sq.ft

85,000 sq.ft

Almost 60% of total office lettings in 2014 was to IDA client companies

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IDA Ireland Targets 2015-2019

900 Investments

80,000 New Jobs

209,000 FDI

Employment by 2019

Top International Ratings for Ireland

– 1st in the World for availability of skilled labour²– 1st in the World for attitudes towards globalisation²– 1st in the World for flexibility & adaptability of workforce2

– 1st in the World for investment incentives2

– 1st in the World for productivity & efficiency of companies2

– 1st in the World for inward investment by quality and value³– 1st in the World for contribution towards humanity & the planet4

– 1st in Europe for attaining third level education5

– 1st in Europe for ease of paying business taxes6

– 1st in Europe as most entrepreneurial country7

– 1st in Western Europe for ‘Best to Invest’8

Source: International reports including IMD

primary audience is the ‘recent diaspora' of 3rd level graduates who have emigrated from Ireland since 2008.

www.worldoftalentinireland.com

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Incentive aimed at regeneration of the historic inner cities of Cork, Dublin, Galway, Kilkenny, Limerick and Waterford.

Encouraging people back to the centre of Irish cities to live in historic buildings;

Encouraging the regeneration of the retail heartland of central business districts;

Offers tax relief for qualifying expenditure incurred in refurbishing / converting qualifying building for Residential and Commercial purposes

Providing Jobs for Economic and Social Benefit

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Winning in the Regions

Targets;- A minimum increase in investment of 30% to 40% in each region outside Dublin - Dublin to achieve the same high level of investment in Dublin

Supported by;- €150m property investment portfolio- Aligning IDA business sectors with regions’ strengths- Focusing on regional urban centres which can act as key attractors of investment- Strengthening IDA’s regional footprint - Working with regional stakeholders through the Regional Action Plan process

Providing Jobs for Economic and Social Benefit

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